529 College Savings Plans

College Saving While Saving Taxes

Once you determine how much you need to save or can afford to save, you need to decide what types of college saving vehicles you want to use. In addition to mutual funds, regular brokerage accounts, and bank savings accounts, there are now a number of tax-advantaged alternatives available to help you save for college. Get the facts about each of the options, and decide which type might be right for you:

529 plans

Coverdell Education Savings Accounts

Custodial Accounts

Savings Bonds

To help you understand the differences among these college savings options, use our Comparison of College Savings Options chart. We also offer you Tips for Choosing College Savings Options and links to other resources for more information.

Remember: the tax rules that apply to college savings options are complicated. Before investing, you may want to check with your tax adviser about the tax consequences of investing in any of these options.

Previous Section | Next Section | Top | Home